Ruttler Mills PLLC

Seattle Patent Attorneys and Trademark Lawyers

Google Launches Pilot Program to Purchase Patents

Posted Tuesday, April 28, 2015 by Jim Ruttler

The options for selling your patents continue to grow. Of course, there have already been a number of great patent liquidity options with intermediaries like Intellectual Ventures. A few months ago, I wrote about the Patent Utility which is a new site that matches patent owners with patent buyers. And now, Google appears to be getting into the market for patents. Google announced today that it would begin purchasing patents direct from patent owners. The program claims to offer a streamlined way to sell your patents to remove friction in the market. Google plans to pay for the purchased patents by August 2015. The program will run from May 8, 2015 to May 22, 2015. Interested sellers should visit http://www.google.com/patents/licensing/ to learn more.